Telegram-herald., 1887-05-07
BUSINESS BOOMING
4 So INcREase - Tlis wEsT-
Ts@as HeeessFtez Fresa tas fiE~s >ssh-ek
- tAs tatsg- .tsfs Aet-CsFttsl ls@stss
10 H.ss isF sae west- 49, Ss.-as
zs8 Sxoesftes o4tet

Sss Yeas Nay e-N q. Dla & Co =
~eskiy resisw oi tra1s wl1 ssy TIE
fsaiags 81 sssiaesz Fsperts fas tas psst wsek
: the enofmoes lacrosse reported 81 macy
western paIais. Ia thzs sSctlen ses iutsf-
State al. thoagh che kias tra5s ~ seals
Important polafs. seems - have pro3gre1 .
fesa8k of extraordinary conrasace Ia .
mu-a larger nambeT u tosns 0ihef
causes. IzFtiCli3riy ths sPerHssti0n IA fe4l
estate All tie activity la cllitink co1-
tFio11e % ss-L transactions sufpTsspgls.
A. Cincinnati cissFings s1os a. lnersass 0i
81 er cent. over issl year. ~ -. Louis lo
per ceCL Aud 81 Cniras0 "a per cent bat
-. tsll and San francisco report gains of
a Per ceaG.. Ae-apEis, ST. Joseph and
Peoria gains exceeding - per csat, Indian
apsAs ant DenVeF gains "a nearly 80 per
cent. 0uaha gan Of l9- per oeat-, and
Wiehiis. kss., gaia OF 10 per cent. Apart
from lAaG trading ard new building OtlsF
business las been remarkably active
throughout the region. The supply OF
mOnsy seems eYeryNhere ample
Eastern cities do not nnd 4 corresponding
improvement In trade. Large amounts OF
capita are going thence 70 The Wezt on
mortgage losns-
TIE dry goods market j. quiet though
some orders appear for Fall and Winter
g0od. and prices are well maintained. In
the grocery trade there Is much complaint
u du.iuess and sugar has yielded q shade
ia prices. spices and tea being dull and
molGsses steady. Ia spite Of acliye
speculation in coffee the demand f0E con-
sumption Is limited.
Railroad earnings give proof that while
trsfic Il large. the increase fall. far short Of
reported gains In the volume OF business al
fha WEaf Rennrfa ~ pa irf. y Tor r4r1t
far, show an average increase Of II per cent.
In gross earnings over last year. The
Pennsylvania accounts however, indicate
4 general increase Of ll.2 per cent IN oper-
atlng expenses. Lake freighis are 3 cents
for wheat from Chicago 10 Buffalo. The
Erie canal opens today. and charters from
Buffalo te New York are az 81 cents. Ocean
freights are Il cent. 10 Liverpool. with little
chartering. These figures do not indicate
great activity OF movement as yet. but
wheat exporting Is checked BY = corner in
near options, which has advanced pricss 81
cents, with sales Of 09. .000. 600 bushels here
and one considerable failure. Cotton futures
for Jane are also cornered and have ad-
vsnced q quarter sales Of actual and
imaginary cotton have reached SOS, ,Oc0 bales.
II is significant that, with money largely
increasing in volume and abundance. iron
grows weaker. Bessemer iron is fifty TO
seventy-fve cents lower at Pittsburg. Sales
Of bar az two cents are not unusual at Phila-
delphia. and there are reports of large sales
OF pig az a concession, while some rail mills
are open for orders at s3S. The associations 5
B'siietiR significantly obseryes. There are
far worse evils than moderate
decline in prices. Already e6T miles
OF railroad have been completed against 6j2
TO date last year. and new securities are
offered in great variety and large amount
but the uncartsin prospect as 70 rates end
respecting the decisions Of the Interstate
Commission effects investments in stocks,
though prices have improved q little with
good reports Of earnings. The enormous
supply OF money goes far TO explain the
situation. Not only has the treasury add
ed about $4927,0OO to the circulai-
ion in April, but the abundance
| and chcapness of money in London
ere clearly felt here. Undoubtedly large
| amounts of foreign capital are seeking EN-
ployment here in industries or in real estate
loans, because of the Inadequate demand
| abroad. While this state OF things con-
tinues and crop p-OsT is grow more favor
able the season Of speculation and expan-
sion In trade and industry is not likely to
meet reaction. Business failures for the
United States. l53; Canada, %: total. Is2;
| l9l last week; 100 The weel; previous 10 the
last and i92 for the corresponding week last
| last year.